Cost of living comparison

compared to

Reykjavik vs. Fort McMurray Cost of Living Summary

Reykjavik is 53.0% more expensive than Fort McMurray.

Restaurants: pay 42.0% more in Reykjavik
Groceries: pay 23.5% more in Reykjavik
Transportation: pay 2.1 times more in Reykjavik
Housing: pay 54.0% more in Reykjavik
Childcare: pay 64.9% less in Reykjavik
Entertainment and Sports: pay 59.6% more in Reykjavik
Clothing: pay 2.5 times more in Reykjavik

The cost of clothing, transportation, entertainment and sports, housing, restaurants, and groceries in Reykjavik are more expensive than in Fort McMurray. Notably, clothing and transportation are significantly more expensive in Reykjavik.

Reykjavik vs. Fort McMurray Cost Breakdown

If you lived in Reykjavik instead of Fort McMurray, you would:

Display currency: USD

pay 42.0% more for restaurants

	Fort McMurray	Reykjavik
Basic meal with drink at inexpensive restaurant	$23.32 CA$32.25	$27.48 ISK3,517	+17.8%
Fast food combo meal McDonalds, or similar	$14.35 CA$19.85	$22.76 ISK2,913	+58.6%
Bottle of Coca-Cola (11 fl. oz)	$2.60 CA$3.60	$3.34 ISK427	+28.0%
Bottle of water (11 fl. oz)	$1.65 CA$2.28	$2.70 ISK345	+63.7%
Average			+42.0%

Fort McMurray vs. Reykjavik - Cost of restaurants

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pay 23.5% more for groceries

	Fort McMurray	Reykjavik
Bread 1 loaf	$2.81 CA$3.89	$4.63 ISK593	+65.0%
Local cheese (8 oz)	$5.56 CA$7.69	$9.44 ISK1,208	+69.7%
Milk (1 gallon)	$5.30 CA$7.33	$7.63 ISK976	+44.0%
Eggs 1 dozen	$3.12 CA$4.32	$6.50 ISK832	+108.3%
Boneless chicken breast (1 lb)	$6.30 CA$8.72	$11.29 ISK1,445	+79.1%
Apples (1 lb)	$2.21 CA$3.06	$1.59 ISK204	-28.1%
Bananas (1 lb)	$1.01 CA$1.40	$1.17 ISK150	+15.5%
Oranges (1 lb)	$2.24 CA$3.10	$1.49 ISK190	-33.5%
Tomatoes (1 lb)	$2.86 CA$3.96	$2.54 ISK325	-11.4%
Potatoes (1 lb)	$2.28 CA$3.15	$1.70 ISK217	-25.5%
Onions (1 lb)	$1.50 CA$2.08	$1.13 ISK145	-24.9%
Average			+23.5%

Fort McMurray vs. Reykjavik - Cost of groceries

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pay 2.1 times more for transportation

	Fort McMurray	Reykjavik
Gasoline (1 gallon)	$3.83 CA$5.30	$9.66 ISK1,236	+151.9%
Monthly public transit pass	$48.44 CA$66.98	$88.58 ISK11,337	+82.9%
New Volkswagen Golf 1.4 (standard edition)	$24,382.26 CA$33,717.01	$50,771.00 ISK6,497,672	+108.2%
Taxi trip in downtown area (5 miles)	$14.64 CA$20.24	$28.07 ISK3,592	+91.7%
Average			+108.7%

Fort McMurray vs. Reykjavik - Cost of transportation

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pay 54.0% more for housing

	Fort McMurray	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$62.29 CA$86.13	$81.97 ISK10,490	+31.6%
1-Bedroom apartment in downtown area	$946.32 CA$1,308.62	$2,259.48 ISK289,169	+138.8%
1-Bedroom apartment outside city center	$992.67 CA$1,372.71	$2,034.90 ISK260,427	+105.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$149.53 CA$206.78	$60.87 ISK7,791	-59.3%
Average			+54.0%

Fort McMurray vs. Reykjavik - Cost of housing

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pay 64.9% less for childcare

	Fort McMurray	Reykjavik
Private preschool for 1 child, monthly	$932.87 CA$1,290.01	$327.78 ISK41,949	-64.9%
Middle school for 1 child, two semesters	??	$30,711.08 ISK3,930,404
Average			-64.9%

Fort McMurray vs. Reykjavik - Cost of childcare

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pay 59.6% more for entertainment and sports

	Fort McMurray	Reykjavik
Domestic/local beer (1 pint)	$5.74 CA$7.94	$13.12 ISK1,680	+128.6%
Cappuccino in mid-range area	$3.69 CA$5.11	$6.17 ISK790	+67.1%
Pack of cigarettes Marlboro or similar	$15.79 CA$21.83	$13.94 ISK1,783	-11.7%
Monthly membership at local gym	$44.92 CA$62.12	$87.35 ISK11,179	+94.5%
Movie ticket to theater/cinema	$14.35 CA$19.85	$17.18 ISK2,199	+19.7%
Average			+59.6%

Fort McMurray vs. Reykjavik - Cost of entertainment and sports

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pay 2.5 times more for clothing

	Fort McMurray	Reykjavik
Regular jeans Levi's brand	$70.08 CA$96.92	$145.10 ISK18,569	+107.0%
Regular dress from H&M or similar store	??	$63.97 ISK8,187
Running shoes Nike or Adidas	$79.41 CA$109.82	$193.43 ISK24,755	+143.6%
Men's business shoes (leather)	$84.91 CA$117.42	$248.79 ISK31,840	+193.0%
Average			+147.9%

Fort McMurray vs. Reykjavik - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: December 2025

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